Profitable - Judgment Search Results
Home > Cases Phrase: profitable Court: mumbai Year: 1955 Page 1 of about 72 results (0.012 seconds)Commissioner of Income-tax, Excess Profits Tax, Bombay City Ii Vs. Maz ...
Court: Mumbai
Decided on: Feb-24-1955
Reported in: AIR1955Bom401; (1955)57BOMLR475; ILR1955Bom809; [1955]28ITR35(Bom)
..... business in the taxable territories which business would ordinarily yield profits the non resident is introduced in this sub section because ..... ships of non resident companies at cost price and without profit applicability of section 42 2 to case of resident ..... business in the taxable territories which business would ordinarily yield profits the non resident is introduced in this sub section because .....
Tag this Judgment! Ask ChatGPTCommissioner of Income-tax Excess Profits Tax, Bombay City Vs. Homi Me ...
Court: Mumbai
Decided on: Sep-22-1955
Reported in: AIR1956Bom415; (1956)58BOMLR112; ILR1956Bom154
..... be that an activity is undertaken with the object of making profit the object may not be realised but a businessman ordinarily and ..... and cost price of shares transferred by assessee to company a profit liable to tax the assessee who dealt in shares both ready ..... a gain to the person who entered into the transaction not profits from any narrow technical or legalistic point of view californian copper .....
Tag this Judgment! Ask ChatGPTBhogilal Bhagwandas Joint Account Vs. Commissioner of Excess Profits T ...
Court: Mumbai
Decided on: Feb-17-1955
Reported in: [1956]29ITR471(Bom)
..... a partnership b and partnership c constitute three different businesses under the excess profits tax act the excess profits tax must be levied in respect of these three separate business upon the ..... partners of partnership b in order to avoid or reduce their liability under the excess profits tax act deliberately started a new partnership constituted by partnership c if that partnership already .....
Tag this Judgment! Ask ChatGPTBrijmohan Lakshminarayan Vs. Commissioner of Excess Profits Tax, Bomba ...
Court: Mumbai
Decided on: Sep-15-1955
Reported in: [1956]30ITR350(Bom)
..... the position that the interest received on those securities could not be assessed to excess profits tax and the tribunal merely records its opinion that interest from government securities clearly stands ..... the position that the interest received on those securities could not be assessed to excess profits tax and the tribunal merely records its opinion that interest from government securities clearly .....
Tag this Judgment! Ask ChatGPTH.A. Shah and Co. Vs. Commissioner of Income-tax and Excess Profits Ta ...
Court: Mumbai
Decided on: Sep-13-1955
Reported in: [1956]30ITR618(Bom)
..... and rightly says is that these losses cannot be set off against subsequent profits by hiralal if in 1942 43 and 1943 44 and 1944 45 ..... the partner of the assessee firm and if the assessee firm has made profits for these years hiralal has lost the right of setting off the ..... losses of 1941 42 against those profits which right he would have had if in 1941 42 also the .....
Tag this Judgment! Ask ChatGPTH.A. Shah and Co. Vs. Commissioner of Income-tax and Excess Profits Ta ...
Court: Mumbai
Decided on: Sep-13-1955
Reported in: AIR1956Bom375; (1956)58BOMLR45; ILR1956Bom79
..... and rightly says is that these losses cannot be set off against subsequent profits by hiralal if is 1942 43 and 1943 44 and 1944 45 ..... the partner of the assessee firm and if the assessee firm has made profits for these years hiralal has lost the right of setting off the ..... losses of 1941 42 against those profits which right he would have if in 1941 42 also the tribunal .....
Tag this Judgment! Ask ChatGPTCommissioner of Income-tax, Bombay City Vs. Manilal Rayaram Mehta
Court: Mumbai
Decided on: Sep-27-1955
Reported in: AIR1956Bom205
..... not in existence and if the assessee was incapacitated from earning profits then the damages paid could only be for the destruction ..... repairers damages the damages were calculated by reference to the estimated profit which would have been earned by the vessel had she ..... was the ship which would have enabled the assessee to earn profits that capital asset was never destroyed or sterilized the capital .....
Tag this Judgment! Ask ChatGPTMelappa and anr. Vs. Guramma and ors.
Court: Mumbai
Decided on: Aug-17-1955
Reported in: AIR1956Bom129
..... these alienees have been in wrongful possession and that is the claim of mesne profits mesne profits mean profits which a person in wrongful possession has actually received or might with ordinary diligence ..... distributed in accordance with their respective shares there is no question therefore of any mesne profits arising while the receiver has been in possession mr purushottam argues that he is .....
Tag this Judgment! Ask ChatGPTPurshottam Laxmidas Vs. Commissioner of Income-tax, Bombay City
Court: Mumbai
Decided on: Sep-27-1955
Reported in: [1956]30ITR143(Bom)
..... dwarkadas was a branch firm of the assessee firm and therefore whatever profit vasantsen dwarkadas made should be included in the assessment of the ..... firm this income tax department also took the view that a profit of rs 16 429 was made by vasantsen dwarkadas in doing ..... goods presumably to the customers of the assessee at a considerable profit and in these circumstances the loss of rs 2 329 shown .....
Tag this Judgment! Ask ChatGPTJoseph Kay, K.B.E. Vs. Commissioner of Income-tax, Bombay City, Bombay
Court: Mumbai
Decided on: Sep-23-1955
Reported in: [1956]29ITR774(Bom)
..... that rule provides that where any annuity is payable wholly out of profits or gains brought into charge to tax no assessment shall be made ..... and the person liable to make such payment whether out of the profits or gains charged with tax or out of any annual payment ..... shareholder the company pays tax on its own income which is the profit made during the working of the company and the shareholder pays .....
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